Nostr Web Client

Lightning is a shit show, but have you seen a banks mainframe COBOL code recently?

The difference between a bank and Lightning or any L2’s is a bank is trying to maintain a legacy system, whereas we are building a new paradigm.

While Bitcoin’s L1 poses a threat to all central authorities, then yes, the more individuals and companies that run a full node the better, same with mining.

Once we move from acceptance to adoption, then this can be scaled down, but maintaining strong decentralisation for the protocol, hardware, interested parties and the network remains important to prevent the protocol, which is all it is, being subverted by separate interested parties.

Saberhagen The Nameless 1y ago

But I wasn't arguing that banking legacy systems are better than Lightning. I was comparing Lightning to L1s.

There is a range where node count is strongly decentralized and enough to escape any capture. Every additional node going beyond this range brings quickly diminishing returns. The number is not 1 node, but it's not every single user running a node either.

Was Bitcoin not decentralized a few years ago because it had less nodes? Is it not decentralized now because it will have more nodes in a few years?

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Discussion

mike 1y ago

I don't think you appreciated that I knew that you weren't arguing that banking legacy systems are better than Lightning and that you were comparing Lightning to L1s.

I don't think you appreciated that I agreed with all your points or that I still do.

I was making different points.

You are trying to argue in a consensus. This is a nuance of the byzantine generals problem that Satoshi solved.

I don't want to replace the whisper protocol with a shout protocol.

We are the same.

Saberhagen The Nameless 1y ago

Ok, maybe it was I who misunderstood what you were saying. My bad!